Report: Douglas to Play Reagan In ‘Reykjavik’

Michael Douglas will soon be sworn in as the 40th president of the United States. On film, that is.

The actor and Democratic fundraiser is in talks to star as the actor-turned-Republican President Ronald Reagan in the independent film “Reykjavik,” according to the Hollywood Reporter. It is based on the 1986 meeting between Reagan and Soviet leader Mikhail Gorbachev.

According to the Reporter, “Reykjavik” is to take place over several days, when the leaders met in Iceland’s capital city to hammer out a peace accord not long after the Chernobyl nuclear disaster. The producers now are seeking out their Gorbachev, the newspaper reports.

Participant Media will finance the $10 million film – and filming will begin next March in Germany. The company backed the Oscar-winning 2006 documentary, “An Inconvenient Truth,” which chronicled former Democratic Vice President Al Gore’s effort to educate citizens about global warming.

The company also is behind several upcoming movies, with subjects ranging from Abraham Lincoln to Chilean dictator Augusto Pinochet.

Douglas is also starring in a Liberace biopic, “Behind the Candelabra” and in the comedy “Last Vegas,” according to the Hollywood Reporter.